But we'll never find out because, while trying a quick search for that interview (which failed), I came across a pronouncement by Mr. George Lucas, himself ..
George Lucas said (Star Wars: The Last Battle, Vanity Fair, 2/2005):
"From now on, I’m going to make movies like THX that nobody wants to see, that aren’t successful, and everybody will say I’ve lost my touch."
This THX 1138 thread and all other THX 1138 threads, everywhere, are hereby disbanded. Everybody ... go home ...
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Still here? Good! :D I wanted to help poita allay SilverWook's concern over film fade.
Using the image comparison from page 71, I took the un-retouched 16mm pan&scan scan and the DVD screen-cap ..
.. and up-sized the DVD (with which to use the Hue and Saturation color components) to match the 16mm (with which to use the Luminance for it's resolution). Next, to work on just the 16mm's picture area, all it's junk/blank area was masked out (to black).
In a paint program (as I also easily accomplished in an Avisynth script for the Colorized Classics thread) the two now-equally-sized images were split into their Hue-Saturation-Luminance components. The DVD's H-S was recombined with the 16mm's L. After removing the mask, the resulting 16mm frame is amazing (!) considering there was no other corrective processing!
I normally would choose the Laserdisc over the DVD or Blu-ray for coloring. As the DVD and 16mm were already aligned in the previous image comparison, I just went with those as a proof-of-concept.